Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.


TSXV:OCO - Post by User

Comment by coppermonsteron Sep 18, 2021 5:23am
249 Views
Post# 33882773

RE:RE:RE:RE:RE:Excellent visit with OCO today

RE:RE:RE:RE:RE:Excellent visit with OCO todayI can't speak to the need for brokers as that is not something I have knowledge about but let me address some of your other points.

1. We traded 190k shares today (You gotta include ORRCF, SLS has 0 liquidity in OTC so their total was 448k combined). So that's really not bad considering that we have NO drill results, yes historical holes blah blah, but really for where we are 200k shares is not terrible.

2. I have found THC to be very responsive whenever I have reached out to them. Hopefully Adam can get back on the road and do in person investor presentations in 2022. And I do think when/if you lay out a sound argument Adam will listen and take the time to address your concern. I doubt it wne "in one ear and out the other."

3. Why are we down? Because we doubled in 6-8 weeks for NO ***ING REASON. There was literally no news apart from final 3DIP which was no news since we alreday knew the results and a Ambrian report. That was it. Nothing that would increase the valuation of the company and still we doubled. So i think coming down 30-40% during low volume times this summer is understandable but of course very annoying. But you gotta be realistic, we have no holes and getting to a 650MM valuation without holes was probably a bit much. Use the pullback to buy more.

3. The reason we are seeing a pullback as well is because half of Mariusz's MCE members sold shares to buy into his latest two ideas for PPs. When volumes were 100k shares a day during summer it doesn't take many people to sell to see the price come down. For better or worse that's just what it is, we have a pretty large core shareholdership with MCE members. I do think their ability to raise milions in the PP quickly likely accelerated OCO's schedule especially given how everything else is taking longer due to Covid.

4. Results will not take til December. Chill! Cores are going out for expedited assays. Give it 5-7 weeks! We'll get a second round of assays before end of 2021 with the first Brasiles cores. #3 rig is starting next week I hear.

5. Stephen Leahy or whatever his name is has been selling for months. Who cares. He is buying a house or something or has to pay taxes. If Adam starts selling you got my attention.

6. In summary, why are we down?
a) we doubled in 6-8 weeks without substantial news, b) buy the rumor sell the news c) low volume summer and summers suck for small caps d) Mariusz's MCE getting cute and selling a bit to jump into PPs e) copper pulling back from $4.90. 

When we get good assays and if the price doesn't move substantially at that point I'll be concerned. Until then, let the drills do their work. 20 cores by the end of the year will speak the truth. 



<< Previous
Bullboard Posts
Next >>